REALLOYS INC. Enters into Rare Earth Product Offtake Agreement with Critical Metals Corp
REalloys Inc. has entered into a Rare Earth Product Offtake Agreement with Critical Metals Corp. The agreement, effective May 15, 2026, involves Critical Metals Corp. supplying eudialyte-derived rare earth element concentrate from its Greenland mining project to REalloys Inc. The agreement has an initial term of 15 years, commencing upon mutual agreement of post-qualification matters. REalloys Inc. is committed to purchasing 15% of the monthly Phase 1 production, with specific quantity limits and delivery schedules. The pricing is based on a formula involving Payable Elements, Payable Percentages, Recovery Yields, and Effective Prices, with fallback mechanisms including trailing industry indices and a fixed floor price subject to escalation. REalloys Inc. is responsible for transportation and import clearance. The agreement outlines events of default for both parties, including payment failures, trade control violations, and failure to meet delivery commitments. Interest accrues on unpaid amounts at a rate of one-month Term SOFR plus 3%. The agreement includes customary representations, warranties, covenants, and indemnities. REalloys Inc. also issued a press release on May 21, 2026, announcing this material definitive agreement.